The price of Bitcoin (BTC) closed the second week of December at $7,111, down 5.44% for the week with five of the seven days being days of decline. So far on Monday, Bitcoin is trading down around 0.8% and currently holding above the $7K handle at $7,055.
Bitcoin dominance remained flat throughout last week and remains at around 66.5% of the total cryptocurrency market cap of $193 billion, illustrating that all other majors followed Bitcoin to the downside over the last 7 days.
Chart Structure / Support / Resistance -2: BearishKey Moving Averages +1: BullishMoving Average Convergence Divergence (MACD) -1: BearishRelative Strength Index (RSI) -1: BearishVolume and On-Balance Volume (OBV) +1Weekly Conclusion -2: BearishChart Structure / Support / Resistance -2: BearishKey Moving Averages -3: BearishMoving Average Convergence Divergence (MACD) 0: NeutralRelative Strength Index (RSI) -1: BearishVolume and On-Balance Volume (OBV) +1: BullishDaily Conclusion -5: BearishChart Structure / Support / Resistance -2: Bearish Moving Average Convergence Divergence (MACD) +2: BullishRelative Strength Index (RSI) -2: BearishVolume and On-Balance Volume (OBV) +3: Bullish4-hour conclusion -1: BearishContinue Reading on Coin Telegraph